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Layoffs

20 stories about Layoffs
שלמה גדות מנכ"ל פרסלו

Chip company Inuitive laying off 20% of workforce as CEO retires

15.08.24|Meir Orbach
Inuitive, which focuses on 3D imaging, has raised approximately $200 million to date.
משרדי DayTwo משרדים שטוחים

Healthtech startup DayTwo shuts down

13.08.24|Sophie Shulman
Once one of the most promising medical startups in Israel, DayTwo raised $85 million in total, but failed to navigate market challenges. 
סיסקו cisco

Cisco set to cut thousands more jobs as part of AI and cybersecurity focus

11.08.24|Reuters
As Cisco refocuses its business, another round of significant layoffs looms for the networking giant. 
פט גלסינגר מנכ"ל אינטל ה עולמית

Up to 19 months of pay: What Intel is offering employees for early retirement

07.08.24|CTech
Employees with five years of service will receive four months' salary, those with over 10 years will be entitled to 10 months' salary, and employees with more than 30 years of service will receive 19 months' salary upon retirement. 
אינטל אריזונה

Intel laying off more than 15% of workforce, cutting costs by $10 billion

02.08.24|Omer Kabir
The chip giant said it will part ways with around 15,000 employees globally by the end of the year after registering a loss of $1.6 billion in the second quarter of 2024.
פט גלסינגר אינטל

Intel’s mass layoffs: A desperate move that might not be enough

01.08.24|Omer Kabir
Cutting thousands of jobs may offer temporary relief, but Intel’s long-term outlook remains shaky.
בניין אינטל ב חיפה

Intel to layoff thousands of employees in latest round of cutbacks

31.07.24|Omer Kabir
According to a Bloomberg report, the chip company could present the plan as early as this week. 
Orcam myme election בחירות אורקאם

OrCam closing glasses department, cutting dozens of jobs in third round of layoffs this year

28.07.24|Meir Orbach and Sophie Shulman
The Israeli startup has decided to focus on its Hear division after the technological progress in image processing by language models has made its Low Vision products largely redundant. 
אמדוקס פארק

Amdocs set to cut 1,500-3,000 jobs in new round of layoffs

18.07.24|Meir Orbach
The software giant is expected to lay off between 5%-10% of its global workforce
מנכ"ל סולאראדג' צבי לנדאו

Power failure: Has SolarEdge's crisis made it a takeover target?

18.07.24|Adiel Eithan Mustaki
The company's value collapsed from $20 billion to $1.6 billion in about two years, making it a potential acquisition target. SolarEdge, which has no controlling owner, announced layoffs of 400 employees, half of them in Israel, causing its stock to continue to fall.
אריאל טיגר מנכ"ל EverC

EverC laying off 10% of team

17.07.24|Meir Orbach
The company, which develops technology to prevent online fraud, is cutting around 16 of 165 jobs.
מייסדי אקווה סקיוריטי מימין דרור דוידוף ו אמיר ג'רבי CTO

Cyber unicorn Aqua axes 10% of workforce

17.07.24|Meir Orbach
Aqua, which raised $60 million at a $1 billion valuation earlier this year, is laying off around 50 employees. 
מנכ"ל סולאראדג' צבי לנדאו

SolarEdge cutting 400 jobs in second round of layoffs in six months

15.07.24|Adiel Eithan Mustaki
The struggling renewable energy company laid off 900 workers in January, approximately 16% of its workforce. The latest cutbacks will see SolarEdge part ways with around 8.5% of its remaining team.
מנכ"ל סולאראדג' צבי לנדאו

Will another round of layoffs halt SolarEdge's downward spiral?

14.07.24|Adiel Eithan Mustaki and Amir Perger
The renewable energy company, which laid off about 900 workers in January, is expected to announce the layoffs of hundreds more employees in the coming week. SolarEdge, which traded at a record value of about $20 billion two years ago and was the first Israeli company in the S&P 500, has since lost almost 90% of its value. 
מפעל סולאראדג' באזור התעשייה ציפורית

SolarEdge set to cut hundreds of jobs in second round of layoffs in six months

12.07.24|Adiel Eithan Mustaki
After seeing its market cap fall by 89% over the past year, the renewable energy company is embarking on another round of cutbacks 
CYBERPROOF

CyberProof laying off over 7% of workforce

10.07.24|Meir Orbach
The UST subsidiary is parting ways with 20 of 85 employees in Israel as part of the global cutbacks 
מחשב spacetop

AI adoption is happening and tech employees are paying the price

05.07.24|Sophie Shulman
Recent layoffs at Sightful and Lightricks are part of a larger industry shift towards AI. Tech companies need to prepare for the inevitable changes AI will bring. 
משרדי לייטריקס

Unicorn Lightricks cutting 12% of workforce in second round of layoffs

01.07.24|Omer Kabir
The company is laying off around 70 employees as it shifts its focus to GenAI products for enterprises 
הלפטופ של סייטפול

AR laptop developer Sightful laying off a third of its employees

01.07.24|Sophie Shulman
After raising over $60 million, and a month after unveiling the Spacetop G1, the Israeli startup is parting ways with 20 of around 60 employees, announcing that it is shifting its focus from hardware distribution to software distribution
משרדי גוגל תל אביב

Google shutting down biotech company’s R&D centers in Israel

29.06.24|CTech
Verily was launched in Israel in August 2021, but its approximately 30 remaining employees, based in Tel Aviv and Haifa, are being laid off following Alphabet's decision to concentrate all R&D activity in the U.S.
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